Forex Brokers in Spain

Spain is without a doubt one of the EU’s financial powerhouses. It is also a massive country with a massive population, which makes its markets massive as well, regardless of what sort of service or product we’re considering. As such, it is difficult to fathom how such a large economy can be in so much trouble, though according to experts, the adoption of the single currency and the competitive nature of the Eurozone will make short work of explaining that.

Like many of its Mediterranean neighbors, Spain hasn’t found a lot of economic traction lately, though that does not deter a significant portion of its population from taking advantage of the services offered by various Forex brokers. In order to legally offer such services, Fx brokers need to obtain a license from the CNMV (Comision Nacional del Mercado de Valores), which is Spain’s main (and only) financial regulatory agency. Established in the wake of the 1988 Stock Market act (law #24), the CNMV is the sole regulator of the Spanish stock market, and of the various activities involving financial products and services. Updated twice since, the law has expanded the powers of the CNMV, allowing it to set up a fully MiFID -compliant regulatory framework.

While it does not offer regulation/licensing for products such as binary options, the CNMV does in fact regulate Fx trading. Still, the Spanish market accepts all those operators who possess a MiFID license, regardless of where it was obtained.

Broker	Bonus	Regulator	Platforms	Next Step
Founded: 2007	FTD Bonus up to 40% eToro Credits	CySEC, FCA	eToro OpenBook, eToro WebTrader, eToro Mobile Trader	Sign Up Free Demo Read eToro Review
Founded: 2011	Switch to FXTM get $4 back for every lot you trade T&C Apply	CySEC, FSB, IFSC	MT4 & MT5 for PC, Mac, iPhone/ iPad, Android. FXTM WebTrader (MT4)	Sign Up Free Demo Read ForexTime Review
Founded: 2008		ASIC, CySEC, FCA	Plus500	Sign Up Free Demo Read Plus500 Review
Founded: 2006	Exclusive 40% Bonus for ForexTraders Visitors Limited Time Offer	ASIC, FSA, FSB, MiFID	MetaTrader4, Sirix, AvaOptions, AvaTrader, Mirror Trader	Sign Up Free Demo Read AvaTrade Review
Founded: 1996		ASIC, CFTC, FCA, FFAJ, FSA, IIROC, KLFB, MAS, NFA	fxTrade, MT4	Sign Up Free Demo Read Oanda Review
Founded: 2010	$30 Free + Deposit Bonus up to $5,000	CySEC, FCA	MT4 Terminal, MT4 for Mac, Web Trader, iPhone/iPad Trader, Droid Trader, Mobile Trader	Sign Up Free Demo Read XM Review
Founded: 2001	50% deposit bonus up to $2,000* *(excluding EU Countries)	ASIC, CySEC	MT4, Web platform & Easy-forex on mobile	Sign Up Free Demo Read easyMarkets Review